MP3: Episode 466: DIY Finance

Mike Smith has thousands of dollars stashed around his house in different accounts. Tamara Bullock is part of an informal savings club. Miguel Rada has a whole bank in his pocket â€” he takes deposits from some people and lends to others.Â» E-Mail ThisÂ Â Â Â Â» Add to Del.icio.us Source: npr.org

Quantitative easing, aÂ step the Federal Reserve may take, is more dramatic than it sounds.Â It means creating massive amounts of money out of thin air with the hope of getting the economy back on track.